ValexTrade

General Information

ValexTrade is an offshore broker registered in Saint Vincent and the Grenadines, providing access to Forex trading, Indices trading, Shares trading, Commodities trading. With the ValexTrade platform, investors are given the flexibility of choosing from three types of trading accounts, Classic, Classic-Plus and Elite accounts, with the minimum deposit to open an account starting at $250.

ValexTrade is the trading name of Parity Group LLC, a company registered in Saint Vincent and the Grenadines, and it is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.11/10. Please be aware of the risk.

Market Instruments

Clients are provided access to four types of trading instruments, covering Forex, Indices, Shares, Commodities. Honestly, trading assets provided by this broker seem average, many popular assets like cryptocurrencies, ETFs, Bonds, and more, are not available.

Account Types

Classic accounts, Classic-Plus accounts and Elite accounts are available options for both retail and professional clients. The minimum deposit amount specifies the account type, with the Classic account from $250, the Classic-Plus from $4,000, and the Elite account from $15,000.

Minimum Lot: 0.01 lot, Maximum lot: 5 lot

Leverage

Trading leverage varies depending on trading accounts, flexible options ranging from 1:100 to 1:300, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

When it comes to trading platform, clients are provided a webtrader only, which is quite frustrating.

Payment Methods

The minimum deposit to get started is $250 and clients can fund their accounts through VISA, MasterCard, Wire Transfer. It takes up to 5 business days for the deposited funds via Bank/Wire Transfer to appear on your trading accounts.

Concerning withdrawals, clients may be required to present additional information and documents. Basically, withdrawal request will be processed within 4-7 business days.

Please note that the company may cancel the clients‘ withdrawal order, if, according to the company’s discretion, the remaining funds (after the withdrawal) shall not be sufficient to secure open positions in the trading account.

When it comes to additional charges, if the receiving bank uses an intermediary bank to send/receive funds, you may incur additional fees charged by the intermediary bank. These charges are usually placed for transmitting the wire for your bank.

Customer Support

Clients who have any trading-related issues can get in touch with ValexTrade through the following contact channels:

Email: compliance@valextrade.pro

Company Address: First Floor, First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines

Working Hours: Monday-Saturday: 9:00 a.m.-7:00 p.m.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Frequently Asked Questions

What trading instruments can I trade with on ValexTrade？

ValexTrade offers trading instruments including Forex, Indices, Shares, Commodities.

What is the minimum deposit required by ValexTrade？

The minimum deposit to open a Standard account is $250.

What is the maximum leverage available？

The maximum trading leverage that is available on the ValexTrade platform is up to 1:200.